Is Prairieville Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Prairieville Township has remained a Seller's Market.
Key Takeaway
Prairieville Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Prairieville Township, MI
How much do homes in Prairieville Township, MI cost?
Median Sold Price
$330,000
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Prairieville Township have sold for 5% less than they did a year ago.
Summary: The median home sold price in Prairieville Township was $330,000 in May 2024, down 5% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $355K | - | N/A |
| 2 Bedrooms | $267K | $275K | +3.0% |
| 3 Bedrooms | $297.5K | $335K | +12.6% |
| 4 Bedrooms | $418K | $510K | +22.0% |
| 5+ Bedrooms | - | $284.4K | N/A |
Summary: Prairieville Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 22%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Orangeville Township | $265K | $319.9K | +20.7% |
| Barry Township | $222K | $260K | +17.1% |
| Delton | $239.5K | $275.5K | +15.0% |
| Prairieville Township | $347.5K | $330K | -5.0% |
Housing Supply in Prairieville Township, MI
How many homes are available in Prairieville Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Summary: The Prairieville Township real estate market had 15 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Prairieville Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Prairieville Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Prairieville Township in May 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Prairieville Township, MI
How long does it take to sell a home in Prairieville Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 19 Days | 30 Days | +61.4% |
Summary: Homes in Prairieville Township had an average of 30 days on market in May 2024, up by 61.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Prairieville Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Prairieville Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.